Published on 4 Mar 2024 on Zacks via Yahoo Finance
California Water Service Group’s CWT investment plans in infrastructure and efficient services are expected to help expand its customer base. The company is expanding its operations through acquisitions and regulated and non-regulated activities that will further boost its performance. Given its growth opportunities, CWT makes for a solid investment option in the utility sector.Let’s focus on the factors that make this currently Zacks Rank #2 (Buy) company a strong investment pick at the moment.
Growth Projections
The Zacks Consensus Estimate for 2024 earnings per share (EPS) has moved up 0.4% in the past 60 days to $2.25.The Zacks Consensus Estimate for 2024 revenues is pinned at $885.1 million, indicating year-over-year growth of 11.4%.